New Enterprise Associates related stories
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Stitcher Closes on $10M for Personalized Talk RadioSan Francisco-based Stitcher has raised $10 million for its personalized Internet talk radio service. The company is similar to Pandora in that its users can personalize radio station based on their favorite shows, spanning across news, entertainment, sports and comedy. New Enterprise Associates led the Series C round, which included backing from return investors Benchmark Capital, New Atlantic Ventures, and individuals including Ron Conway. Ravi Viswanathan of NEA will join the Stitcher board.
- Molycorp, NEA Back Boulder Wind Power
Molycorp Inc., a listed provider of rare-earth metals, has put an undisclosed amount into venture-backed Boulder Wind Power, and sealed a spot on the company’s board, Reuters reported. Molycorp said it would buy convertible preferred stock as part of Boulder, Colorado-based Boulder Wind's efforts to raise $35 million in capital. Existing backer New Enterprise Associates also contributed to the financing round, Reuters said.
- Spectrum Bridge Inks $8.8M Series B
Spectrum Bridge Inc., a company developing technology to improve availability, allocation and access to wireless spectrum, has raised $8.8 million in venture financing. True Ventures, Telecommunications Development Fund and Espírito Santo Ventures provided the cash, which will help the company commercialize its software.
- The Wall Street Shift
Investment bankers and others on Wall Street are launching venture-backed companies and entering VC as New York’s startup scene grows frothy in the wake of cut backs
- NeuroPace to Bag Big Bucks—Again
NeuroPace, the Mountain View, Calif.-based maker of implantable devices for the treatment of neurological disorders, is about to close a big round, with some boldface-name VCs providing backing—as well as one big strategic, too. Looks like VCs are bullish on the company’s treatment for epilepsy http://www.NeuroPace.com/trials/overview.html which entered pre-market testing with the FDA late last year. According to a filing submitted yesterday to the S.E.C. http://sec.gov/Archives/edgar/data/1528287/000152828711000001/xslFormDX01/primary_doc.xml NeuroPace is about $50 million through a $62 million fundraising. The filing includes one big name, from a strategic investor’s VC shop....
- Ardelyx Raises $30M Series B
Ardelyx Inc. has raised $30 million in fresh capital from New Enterprise Associates, CMEA Capital and new investor Amgen Ventures. The Series B round will help advance Ardelyx's pharmaceutical pipeline that includes product candidates to help treat irritable bowel syndrome, chronic kidney disease and type 2 diabetes. The company has raised a total of $56 million since it was formed in 2007. Ardelyx is based in Fremont, Calif.
- MapR Technologies Seals $20M
MapR Technologies Inc., a provider of distribution technology for Apache Hadoop, has raised $20 million in Series B financing. Redpoint Ventures led the round, which also included return backers Lightspeed Venture Partners and NEA, the company said. The money will help MapR with growth efforts.
- Embrane Ensnares $18M Series B
Embrane, the software and network services provider, locked down a $18 million funding round from lead investor New Enterprise Associates, Lightspeed Venture Partners and North Bridge Ventures. The deal follows on the $9 million A round the company took.
- Umami Nabs $1.65M Seed Round
Umami Co., the New York-based maker of iPad apps that are in beta development with TV networks, has accepted a $1.65 million funding round from Battery Ventures, NEA and a group of industry angels. Rohini Chakravarthy, Partner at NEA, worked on the investment for the VC.